The Day Ahead: AM Edition 2022-01-26
We see if Powell can thread the needle again (it is getting more difficult)
Bonds
ZB has been bouncing along just above 154^30. Is that the (B) wave low? Not clear at this point. Under 154^30 leads to a test of 154^03. Over 156^00 should enable a push to test 156^29 at a minimum.
Crude Oil
CL came through with a new high today which meets the minimum requirements for a wave v but probably too aggressive to f…
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